Liquidation: NB Private Markets Fund III (TE) LLC
Form Type: N-CSR
Filing Date: 2025-05-23
Corporate Action: Liquidation
Type: Update
Accession Number: 000110465925052317
Filing Summary: NB Private Markets Fund III (TE) LLC filed a Certified Shareholder Report for the fiscal year ended March 31, 2025. The report indicates that the Master Fund has sold all of its underlying Portfolio Fund interests to various institutional investors as part of a secondary sale process aimed at winding down the portfolio and distributing proceeds to investors. The fund recorded a total return of -28.3% for the fiscal year, with significant asset depreciation attributed to the secondary sale transactions. The fund is navigating a complex macroeconomic environment, characterized by rising unemployment and moderated inflation, leading to Federal Reserve interest rate cuts aimed at stabilizing the economy. Looking ahead into 2025, the private equity investment landscape is anticipated to present significant opportunities despite uncertainties surrounding global policies and market conditions. The Fund expects to continue focusing on high-quality asset monetization strategies while addressing liquidity challenges in a constrained market.
Additional details:
Date Of Reporting Period: 2025-03-31
Investment Objective: to provide attractive long-term returns
Total Assets: $15,055,539
Total Liabilities: $609,804
Members Equity Net Assets: $14,445,735
Net Investment Loss: $(272,539)
Net Realized And Change In Unrealized Loss: $(6,048,737)
Cash Flows From Operating Activities: $4,155,804
Cash Flows From Financing Activities: $(4,155,804)
Net Asset Value Per Unit: $961.28
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